2,096 Analog Devices, Inc. $ADI Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,767 shares of the semiconductor company’s stock after acquiring an additional 2,096 shares during the quarter. Calamos Advisors LLC’s holdings in Analog Devices were worth $39,975,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADI. BlackRock Inc. purchased a new stake in shares of Analog Devices in the second quarter worth approximately $18,610,868,000. Bank of America Corp DE lifted its stake in shares of Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after acquiring an additional 501,604 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after acquiring an additional 1,670,957 shares during the period. Amundi boosted its holdings in Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after acquiring an additional 254,632 shares during the period. Finally, Legal & General Group Plc bought a new position in Analog Devices in the 2nd quarter valued at $1,525,167,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total value of $576,708.48. Following the transaction, the director directly owned 106,015 shares of the company’s stock, valued at approximately $43,177,789.20. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider directly owned 14,849 shares in the company, valued at approximately $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,436 shares of company stock valued at $20,681,906 over the last three months. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ADI. Needham & Company LLC raised their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Piper Sandler set a $460.00 target price on shares of Analog Devices in a research note on Tuesday, September 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Finally, Arete Research lifted their price target on shares of Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Stock Up 0.7%

Shares of NASDAQ:ADI traded up $2.55 during trading hours on Friday, hitting $363.56. The company’s stock had a trading volume of 6,867,790 shares, compared to its average volume of 3,836,119. The firm’s fifty day moving average price is $390.52 and its 200 day moving average price is $373.48. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a market capitalization of $176.17 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 1.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Analog Devices Company Profile

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.